Daily Review 22.10.2025

APS receives regulatory approval for €45 million Rights Issue

The MSE Equity Price Index eased by 0.21% to 3,713.602 points as the declines in HSBC and PG offset the gain in AX Real Estate. Meanwhile, four other equities closed unchanged. Download today’s Equity Market Summary.

Today, APS Bank plc published a Prospectus following regulatory approval in connection with a 3-for-11 Rights Issue at a price of €0.44 per share. APS Bank plc shareholders as at the close of trading on Thursday 2 October 2025 are eligible to apply for their proportionate entitlement and also have priority to apply for excess shares. Subsequently, any remaining excess shares will be made available to investors through an Intermediaries’ Offer, with preferential allocation to be given to APS employees and APS bondholders at the close of trading on Thursday 2 October 2025. The Rights Issue period starts on Monday 27 October 2025.

The vast majority of today’s trading activity was across the shares of Bank of Valletta plc which closed unchanged at the €1.89 level across seven deals totalling 120,593 shares having a market value of €0.23 million. Last Friday, BOV announced that it received regulatory approval for an Unsecured Euro Medium Term Bond Programme of up to €325 million. The first series and first tranche of Tier 2 bonds under the Programme consisting of up to €125 million 5.0% subordinated bonds maturing in 2030-2035. The offer period opens on 5 November 2025.

Simonds Farsons Cisk plc held the €4.98 level across two deals totalling 894 shares.

Computime Holdings plc stayed at the €0.45 level on a single trade of 9,081 shares.

VBL plc closed unchanged at the €0.18 level on trivial amounts.

PG plc dropped by 3.8% to the €1.76 level on six deals totalling 21,834 shares. PG is holding its Annual General Meeting on Friday 24 October 2025.

HSBC Bank Malta plc shed 0.7% to the €1.42 level on muted activity.

One deal of 1,000 shares pushed the share price of AX Real Estate plc 6.9% higher to the €0.31 level.

The RF MGS Index edged up by 0.05% to 918.224 points. Geopolitical tensions escalated after the White House announced the postponement of the planned summit between Trump and Putin, following Moscow’s refusal to agree to a ceasefire in Ukraine. This development reignited concerns over possible disruptions to energy supply chains and potential additional sanctions, causing Brent crude oil futures to rebound from multi-year lows. Elsewhere, fresh data released today revealed that the UK’s annual inflation rate held steady at 3.8% in September, undershooting expectations of 4%.

This report contains only public information and is not to be construed as investment advice or an offer to buy or sell securities. Information contained herein is based on data obtained from sources considered to be reliable, but no representations or guarantees are made with regard to the accuracy of the data. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Rizzo, Farrugia & Co. (Stockbrokers) Limited is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange.